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If Jane has $500 in her savings account and deposits an additional $300 each month, how much money will she have saved after 6 months?
a) $800
b) $1700
c) $2000
d) $2300


Sagot :

Answer: d) $2300

Step-by-step explanation:

    We can create an equation, where T is the total money and m is the number of months. In our equation, we will add the initial amount to the amount per month multiplied by the number of months.

         T = $500 + $300m

    Next, we will substitute m = 6. Then, we will multiply and add.

         T = $500 + $300(6)

         T = $500 + $1,800

         T = $2,300

Answer:

d) $2300

Step-by-step explanation:

Total savings = Initial savings + (Monthly deposit · Number of months)

We take

500 + (300 · 6) = $2300

So, the answer is d) $2300.